JPMorgan Chase May Purchase Apple Card From Goldman Sachs
JPMorgan Chase Could Take Over Apple Credit Cards From Goldman, WSJ Reports
J.P. Morgan Chase is in talks to replace Goldman Sachs as the issuer of Apple's credit cards, The Wall Street Journal reported Tuesday.
The Apple Card May Have Found a New Home with JPMorgan Chase
The Apple Card * might have found a new issuer in JPMorgan Chase, according to a report by the Wall Street Journal. Last year, Apple announced that it would cut ties with Goldman Sachs as the Apple Card’s issuing bank.
JPMorgan Chase in Talks to Replace Goldman Sachs in Apple Card Partnership
Goldman Sachs and JPMorgan will need to agree on terms and conditions of the card transfer, as the two financial firms will need to agree on a transaction price for the existing card balances. Other negotiations include the consumer rewards program for the Apple Card.
JPMorgan Chase May Purchase the Apple Card From Goldman Sachs
Reports say the New York banks are in triangulated talks with Apple to shift management of Apple Card accounts--and their $17 billion in outstanding high-risk consumer debt.
Goldman Sachs’ break up with Apple could cost $500 million to $4 billion, says analyst
Goldman has been scaling back its consumer banking operations
Apple in talks with JPMorgan to transfer Apple Card from Goldman Sachs: Report
These include questions on whether JPMorgan would retain existing features of the Apple Card, and the price. The move of Apple came after Goldman Sachs veered away from its retail-banking strategy, thereby resulting in limited options left for the iPhone maker.
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